Third BEL Spinoff
Third BEL spinoff, Shift Devices AG, has been founded and markets first product.
Shift Devices, the third spin-off company of BEL, was founded October 30th, 2015 in Basel by BEL collaborator Dr. Douglas J. Bakkum and the entrepreneur Jonas Schnelli.
The company produces hardware devices to secure digital assets, or, in other words, physical keys for our digital lives. Applications include:
- Cryptocurrencies and blockchains
- Authentication and passwords
- Personal identity
- Document signing
The first product is the external pageDigital Bitbox, which is a minimalist hardware wallet in a durable and portable case that is inserted into a USB port. Private keys are stored encrypted on a tamper-resistant external pagehigh-security chip (50 year lifespan) that prevents physical data extraction.
Shift Devices is an official ETH spin-off.